The savoury snacks market is expected to grow from USD 62.55 billion in 2020 to USD 101.25 billion by 2028, at a CAGR of 6.2% during the forecast period 2021-2028.
The global demand for savory snacks is extremely competitive and changing at a rapid pace. Foods with a spicy, rich taste are referred to as savory snacks. Savory snacks include potato chips, fries, tortillas, savory cookies, and other baked snacks. Vegetable oil, almonds, grains, seasoning, citrus, vegetables, and tree nuts are also used in savory snacks. Snacking is a common pastime among millennials, and it is a major driver of the global savory snack industry. Savory snacks are popular with people of all ages all over the world, and they are a significant segment of the food and beverage industry. With longer commute times in cities and a rising number of working women, customers are increasingly turning to snacks as a time-saving alternative to meals and snacks in between meals.
The factors driving the market are increasing term of having snacks between meals, growing preference of snacks over sit-down meals, consumer pro-activeness towards health problems boosting demand, rising urbanisation, communities drifting towards the dynamic food practice, increasing party culture, switch from traditional homemade snacks to savory snacks and growing disposable income. The factors restraining the market growth are numerous regulations regarding the manufacturing, food authorizations criteria limitation, heavy costs of research and development, nutrient level labeling limitation, competition of established local player.
This study delivers a comprehensive analysis of type, category, distribution channel and region. The type segment includes chips, nuts & seeds, biscuits & cookies, popcorns and others. The chips segment held the largest market share in 2020. The category segment includes baked, fried and others. The baked food segment holds the largest market share, as they make an healthier option. The distribution channel segment includes supermarkets/hypermarkets, independent retailers, convenience stores, service stations, specialists and others. The convenience store and supermarket/hypermarkets segment holds the largest market share, as consumer tastes are changing, and a wide variety of items are now available in these formats.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of sales, Asia Pacific and North America had the largest geographic share of the savory snacks industry in 2020. Countries like Japan and China are driving Asia Pacific's rise. Because of growing fears about childhood obesity, consumers in these countries have begun to embrace healthy lifestyles. The European region is anticipated to grow the largest. Savory snacks are in high demand in Europe, where they are served at a variety of times by the public. Consumers in countries like the United Kingdom and Spain use on-the-go feeding as an instant energy boost instead of whole meals, driving the market.
Some of the notable players in the market are The Kraft Heinz Company (US), PepsiCo (US), Inc. (US), Diamond Foods LLC (US), CALBEE, Inc. (Japan), General Mills, Inc. (US), The Lorenz Bahlsen Snack-World GmbH & Co KG (Germany), ConAgra Foods Inc., Intersnack Group GmbH & Co. KG (Germany), Kellogg Co. (US), Parle Products Pvt. Ltd., Orkla ASA (Norway), Mondelez International (US), Nestle SA (Switzerland), ITC Limited (India), JACK LINK'S, LLC. (US), Premium Brands Holdings Corporation (Canada)
Savoury Snacks Market Analysis and Forecast, Type
Savoury Snacks Market Analysis and Forecast, Category
Savoury Snacks Market Analysis and Forecast, Distribution Channel
Savoury Snacks Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Category
4.3.3. Market Attractiveness Analysis By Distribution Channel
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing term of having snacks between meals
5.2.2. Consumer pro-activeness towards health problems boosting demand
5.2.3. Communities drifting towards the dynamic food practice
5.3. Restraints
5.3.1. Numerous regulations regarding the manufacturing
5.3.2. Heavy costs of research and development
5.3.3. Competition of established local player
6. Global Savoury snacks Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Chips
6.3. Nuts & Seeds
6.4. Biscuits
6.5. Cookies
6.6. Popcorn
6.7. Others
7. Global Savoury snacks Market Analysis and Forecast, By Category
7.1. Segment Overview
7.2. Baked
7.3. Fried
7.4. Other
8. Global Savoury snacks Market Analysis and Forecast, By Distribution Channel
8.1. Segment Overview
8.2. Supermarkets/Hypermarkets
8.3. Independent Retailers
8.4. Convenience Stores
8.5. Service Stations
8.6. Specialists
8.7. Others
9. Global Savoury snacks Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Savoury Snacks Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Savoury snacks Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Operations Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Kellogg Co.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Operations Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. PepsiCo
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Operations Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Diamond Foods LLC
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Operations Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Intersnack Group GmbH & Co. KG
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Operations Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. ConAgra Foods Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Operations Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Lorenz Bahlsen Snack-World GmbH & Co KG
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Operations Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. The Kraft Heinz Company
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Operations Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Premium Brands Holdings Corporation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Operations Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. JACK LINK'S, LLC.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Operations Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. ITC Limited
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Operations Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Nestle SA
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Operations Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Parle Products Pvt. Ltd
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Operations Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Savoury snacks Market, By Type, 2018-2028 (USD Billion)
2. Global Chips, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
3. Global Nuts & Seeds, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
4. Global Biscuits, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
5. Global Cookies, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
6. Global Popcorn, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
7. Global Others, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
8. Global Savoury snacks Market, By Category, 2018-2028 (USD Billion)
9. Global Baked, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
10. Global Fried, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
11. Global Other, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
12. Global Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
13. Global Supermarkets/Hypermarkets,Savoury snacks Market, By Region, 2018-2028 (USD Billion)
14. Global Independent Retailers , Savoury snacks Market, By Region, 2018-2028 (USD Billion)
15. Global Convenience Stores, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
16. Global Service Stations, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
17. Global Specialists, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
18. Global Others, Savoury snacks Market, By Region, 2018-2028 (USD Billion)
19. North America Savoury snacks Market, By Type, 2018-2028 (USD Billion)
20. North America Savoury snacks Market, By Category, 2018-2028 (USD Billion)
21. North America Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
22. U.S. Savoury snacks Market, By Type, 2018-2028 (USD Billion)
23. U.S. Savoury snacks Market, By Category, 2018-2028 (USD Billion)
24. U.S. Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
25. Canada Savoury snacks Market, By Type, 2018-2028 (USD Billion)
26. Canada Savoury snacks Market, By Category, 2018-2028 (USD Billion)
27. Canada Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
28. Mexico Savoury snacks Market, By Type, 2018-2028 (USD Billion)
29. Mexico Savoury snacks Market, By Category, 2018-2028 (USD Billion)
30. Mexico Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
31. Europe Savoury snacks Market, By Type, 2018-2028 (USD Billion)
32. Europe Savoury snacks Market, By Category, 2018-2028 (USD Billion)
33. Europe Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
34. Germany Savoury snacks Market, By Type, 2018-2028 (USD Billion)
35. Germany Savoury snacks Market, By Category, 2018-2028 (USD Billion)
36. Germany Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
37. France Savoury snacks Market, By Type, 2018-2028 (USD Billion)
38. France Savoury snacks Market, By Category, 2018-2028 (USD Billion)
39. France Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
40. U.K. Savoury snacks Market, By Type, 2018-2028 (USD Billion)
41. U.K. Savoury snacks Market, By Category, 2018-2028 (USD Billion)
42. U.K. Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
43. Italy Savoury snacks Market, By Type, 2018-2028 (USD Billion)
44. Italy Savoury snacks Market, By Category, 2018-2028 (USD Billion)
45. Italy Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
46. Spain Savoury snacks Market, By Type, 2018-2028 (USD Billion)
47. Spain Savoury snacks Market, By Category, 2018-2028 (USD Billion)
48. Spain Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
49. Asia Pacific Savoury snacks Market, By Type, 2018-2028 (USD Billion)
50. Asia Pacific Savoury snacks Market, By Category, 2018-2028 (USD Billion)
51. Asia Pacific Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
52. Japan Savoury snacks Market, By Type, 2018-2028 (USD Billion)
53. Japan Savoury snacks Market, By Category, 2018-2028 (USD Billion)
54. Japan Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
55. China Savoury snacks Market, By Type, 2018-2028 (USD Billion)
56. China Savoury snacks Market, By Category, 2018-2028 (USD Billion)
57. China Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
58. India Savoury snacks Market, By Type, 2018-2028 (USD Billion)
59. India Savoury snacks Market, By Category, 2018-2028 (USD Billion)
60. India Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
61. South America Savoury snacks Market, By Type, 2018-2028 (USD Billion)
62. South America Savoury snacks Market, By Category, 2018-2028 (USD Billion)
63. South America Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
64. Brazil Savoury snacks Market, By Type, 2018-2028 (USD Billion)
65. Brazil Savoury snacks Market, By Category, 2018-2028 (USD Billion)
66. Brazil Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
67. Middle East and Africa Savoury snacks Market, By Type, 2018-2028 (USD Billion)
68. Middle East and Africa Savoury snacks Market, By Category, 2018-2028 (USD Billion)
69. Middle East and Africa Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
70. UAE Savoury snacks Market, By Type, 2018-2028 (USD Billion)
71. UAE Savourysnacks Market, By Category, 2018-2028 (USD Billion)
72. UAE Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
73. South Africa Savoury snacks Market, By Type, 2018-2028 (USD Billion)
74. South Africa Savoury snacks Market, By Category, 2018-2028 (USD Billion)
75. South Africa Savoury snacks Market, By Distribution Channel, 2018-2028 (USD Billion)
List of Figures
1. Global Savoury snacks Market Segmentation
2. Global Savoury snacks Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Savoury snacks Market Attractiveness Analysis By Type
9. Global Savoury snacks Market Attractiveness Analysis By Category
10. Global Savoury snacks Market Attractiveness Analysis By Distribution Channel
11. Global Savoury snacks Market Attractiveness Analysis By Region
12. Global Savoury snacks Market: Dynamics
13. GlobalSavoury snacks Market Share by Type (2021 & 2028)
14. Global Savoury snacks Market Share by Category (2021 & 2028)
15. Global Savoury snacks Market Share by Distribution Channel (2021 & 2028)
16. Global Savoury snacks Market Share by Regions (2021 & 2028)
17. Global Savoury snacks Market Share by Company (2020)
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